Two Massachusetts-based banks, the $5.5 billion-asset Cape Cod 5 in Hyannis and the $1.5 billion-asset Fidelity Bank in Leominster, are combining under the same mutual holding company. The mutuals said in a press release that they will operate independently as part of Mutual Bancorp. They have a combined total of 39 branches.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
Many small business owners say they have difficulty obtaining information about financial products, “which may contribute to a less competitive market,” according to a report released by the U.S. Treasury Department
As part of a last-minute flurry of rulemaking and guidance, the CFPB released a report recommending states “strengthen” consumer protections by making several changes to their laws and regulations.
Economic activity increased slightly to moderately across the 12 Federal Reserve districts in late November and December, the Fed said in the first Beige Book report of 2025.
The Consumer Price Index rose 0.4% in December after rising 0.3% the month before, and increased 2.9% over the past year, the Labor Department said.
Senate Banking Committee Chairman Tim Scott (R-S.C.) unveiled his list of committee priorities for the 119th Congress, which include re-examining Biden-era banking regulations and developing a regulatory framework for digital assets.
In an 11th-hour move, the CFPB rescinded an advisory opinion issued under the first Trump Administration that held that a particular type of earned wage access product is not “credit” under Regulation Z, which implements the Truth in...
